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What are installments?

What are installments? Here are some definitions.

Noun
  1. plural of installment
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Examples
The January wage was distributed in installments, only half of February was paid, and March salaries are still outstanding.
Fortunately, after some disagreement I was allowed to pay off the amount in installments over the next 12 months.
An easy payment plan is available for those wishing to pay to monthly installments.
Such an interpretation would have meant that the mortgage was payable in installments as the lots were sold.
The policies typically vest in 10 to 20 years, after which investors can withdraw the money in installments or leave it where it is.
To define his importance, Da Ponte began to issue his memoirs in installments.

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